Two Problem Solvers Builds A Multi-Million-Euro Company, Circula; Making A Real Difference In The World Of Finance

Employees were required to hold onto paper receipts and submit them manually, while finance teams had to verify each entry by hand.

This resulted in delayed reimbursements, increased chances of errors, and difficulties in following tax regulations. Nikolai and Roman realized that despite being in a digital age, many businesses were wasting valuable time and resources on a task that could be simplified. That's when they decided to take action and build a smarter, more efficient solution—Circula.

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Building Circula: A Smarter Way to Manage Expenses

Circula is a SaaS (Software-as-a-Service) platform designed to automate and simplify expense management for small and medium-sized companies.

The idea was simple: use technology to remove the friction from traditional financial workflows.

With Circula, employees can now digitally upload their receipts using a mobile app. The platform uses intelligent automation to extract and organize all necessary information from these receipts, drastically reducing manual data entry.

This process not only saves time but also minimizes human errors, ensuring that expenses are recorded in a structured and compliant way.

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Creating Real Impact for Businesses

As businesses began adopting Circula, they found they could gain better control over spending, streamline reimbursements, and significantly reduce the manual work involved in accounting processes.

Circula's solution was so effective that companies could reduce manual efforts by up to 80%, freeing up teams to focus on more strategic tasks.

The platform also made it easier to stay on top of where and how company money was being spent, something that's critical for growing businesses.

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Fueling Growth with Investment

Circula's success and potential caught the attention of investors. In a recent Series A funding round, the company raised €15 million to develop its platform further.

With this funding, Circula plans to enhance its use of AI, introduce new workflow features, and expand its presence in the European market. The goal is to make Circula the leading automated expense and spend management platform in Germany and eventually across Europe.

Reshaping Financial Workflows

Today, more than 2,800 companies trust Circula, including well-known names like Aston Martin, About You, DATEV, and Securitas. The platform supports over 150,000 employees, helping them manage their business expenses with ease, speed, and accuracy.

What started as a simple idea based on a real-world problem has now turned into a fast-growing, multi-million-euro company that's transforming how businesses handle financial processes.

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A Vision for the Future

For Nikolai and Roman, Circula is not just a business—it's a solution to a problem they saw too many companies struggling with.

Their vision is to use modern technology to help businesses operate more efficiently and to make expense management something that works quietly and seamlessly in the background.

Through innovation, determination, and a deep understanding of business needs, the two founders have built a platform that's making a real difference in the world of finance.

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